Bajaj Housing Finance (NSE:BAJAJHFL) ROCE % : 3.03% (As of Dec. 2024)

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What is Bajaj Housing Finance ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Bajaj Housing Finance's annualized ROCE % for the quarter that ended in Dec. 2024 was 3.03%.

Bajaj Housing Finance ROCE % Historical Data

The historical data trend for Bajaj Housing Finance's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Bajaj Housing Finance ROCE % Chart

Bajaj Housing Finance Annual Data

Trend

Mar22

Mar23

Mar24

ROCE %

2.69

3.87

3.69

Bajaj Housing Finance Quarterly Data
	Mar22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
ROCE %	Get a 7-Day Free Trial				-	3.47	3.60	3.17	3.03

Bajaj Housing Finance ROCE % Calculation

Bajaj Housing Finance's annualized ROCE % for the fiscal year that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2024 )		(A: Mar. 2023 )		(A: Mar. 2024 )
	=	21642.2	/	( ( (646541.4 - 124246.8)	+	(818270.9 - 167809.1) )	/ 2 )
	=	21642.2	/	( (522294.6	+	650461.8)	/ 2 )
	=	21642.2	/	586378.2
	=	3.69 %

Bajaj Housing Finance's ROCE % of for the quarter that ended in Dec. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2024 )		(Q: Sep. 2024 )		(Q: Dec. 2024 )
	=	28285.6	/	( ( (937991.7 - 4763.6)	+	(0 - 0) )	/ 1 )
	=	28285.6	/	( ( 933228.1	+	0 )	/ 1 )
	=	28285.6	/	933228.1
	=	3.03 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.

Bajaj Housing Finance (NSE:BAJAJHFL) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Bajaj Housing Finance ROCE % Related Terms

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Bajaj Housing Finance Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Bajaj Housing Finance Ltd (NSE:BAJAJHFL) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

544252:India

Address

Kalyani Nagar, 5th Floor, B2 Building, Cerebrum IT Park, Kumar City, Pune, MH, IND, 411014

Website

https://www.bajajhousingfinance.in

Bajaj Housing Finance Ltd is a non-deposit-taking Housing Finance Company. The company offers financial solutions tailored to individuals and corporate entities for the purchase and renovation of homes and commercial spaces. The mortgage product suite of the company is comprehensive and comprises home loans, loans against property (LAP), lease rental discounting, and developer financing. The company's emphasis is on individual retail housing loans, complemented by a diversified collection of lease rental discounting and developer loans.

Bajaj Housing Finance Headlines

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